欧洲的股票市场有着清晰的层次性,大型企业、中型企业和小企业都各有着与其特性相对应的、专门为之提供融资服务的市场。这些不同类型的股票市场或设在证券交易所内,或另成体系,但功能上的互补和互动性十分明显,形成了一个完整的资本市场体系。而中国股票市场却只有专门为大企业服务的主板市场一个层次,结构性缺陷十分突出。这种市场结构的严重畸形状况,不仅使众多中小企 The stock market in Europe has a clear hierarchy, with large, medium and small businesses each having a market dedicated to providing financing for their characteristics. These different types of stock markets are either located on the stock exchange or in a separate system, but the functional complementarities and interactions are obvious and form a complete capital market system. However, the Chinese stock market is only one level of the mainboard market that serves large enterprises. The structural defects are very prominent. The serious deformity of this market structure has not only caused many SMEs